Milk futures, cash dairy mostly lower
Milk futures on the Chicago Mercantile closed lower Wednesday while cash trade was mostly inactive.
February Class III milk down a penny at $16.97. March down 24 cents at $16.77. April 31 cents lower at $16.85. May down 21 cents at $17.03. June through September contracts seven to 15 cents lower.
Dry whey unchanged at $0.37.
Blocks unchanged at $1.81.
Barrels unchanged at $1.5850.
Butter down $0.02 at $1.7750.
Nonfat dry milk down $0.0050 at $1.1950. Eight trades were made ranging from $1.1875 to $1.2050.